Xiom Corp. Revises Letter of Intent to Acquire Equisol LLC

• Press Release
• Source: Xiom Corp.
• On 8:30 am EST, Tuesday November 10, 2009

WEST BABYLON, N.Y., Nov. 10 /PRNewswire-FirstCall/ -- Xiom Corp. (OTC: XMCP - News) announced today that it has revised its Letter of Intent to acquire 100% interest of Equisol LLC, located in West Conshohoken, PA. After due diligence being conducted by its outside accounting firm, Urish Popeck (a BDO Affiliate) of Pittsburgh, PA, the parties revised the Letter of Intent and Xiom will acquire 100% of the interests of the members of Equisol LLC for the issuance of 40% of the total issued and outstanding shares of Xiom Corp. The previous Letter of Intent anticipated a purchase price consisting of the issuance of shares of common stock of Xiom totaling sixty-five (65%) percent of the total issued and outstanding shares of common stock and $1.5 million in cash and a note. The revised Letter of Intent states that all proceeds of the $1.5 million raised are to be used fro working capital and growth of operations as is not contained in the final drafts of the Closing Documents. Xiom Corp.'s original shareholders will retain 60% of the issued and outstanding shares of Xiom Corp.

The transaction is expected to close shortly.

Andrew B. Mazzone, currently the Chairman and President of Xiom Corp, stated, "After a review of the transaction, both sides felt the adjusted consideration is extremely fair to both sides in the merger. We are excited by the potential of this transaction. Equisol brings needed sales and service personnel on an expanded geographic basis which will enable the combined company will to reach heights never reachable before the combination for either entity."

About Xiom Corp.

Xiom Corp. is a technology business offering delivery of plastic powder coatings at on-site locations utilizing the XIOM 1000 System. Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. Although we use plastic powder, we do not electro-statically charge that powder in order for it to adhere to a substrate. We use a different mechanism which simultaneously applies and fuses the powder to a substrate. The advantage of this process is that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, and can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory, using an oven.

Forward-Looking Statements

This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.

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